https://nypost.com/2022/04/24/bidens-bri...rgiveness/

This is the way I feel about student loan forgiveness. They are giving a break to the 35-40% of the population with a college degree and the people with the most debt went to elite, expensive private colleges.


"The rich get richer, the old saying goes. And President Joe Biden wants to keep it that way.

Case in point: The White House has announced a major move on student debt, canceling it for almost 40,000 borrowers and bringing 3.6 million closer to forgiveness. Yet student-debt relief mainly benefits the better-off.

Yes, like much of the progressive agenda, this is packaged as “equity” — with a massive contingent of Democratic legislators calling for relief late last month as a way to “advance equity as our nation works to rebuild a stronger and more equitable economy.”

But look at the numbers. A January paper from the left-leaning Brookings Institution showed just how unevenly student debt is distributed, with almost a third of all US student debt owed by the wealthiest 20% of households, while the bottom fifth of earners owe less than 10% of such debt.

Students with advanced degrees — doctors, lawyers and the like — hold 40% of the debt...."